
858 Vera Street
Dbottom 20%Solana Beach, CA 92075
Pass at asking: -$9,312/mo full cashflow at 20% down, 7.43% rate.
Works at $437,459 (73% under asking); even all cash loses money at asking.
Rent $4,364/mo from 11 leases of 1–3 bed houses within 1 mi ($3,735–$5,427).
Beds
2
Baths
1
Sqft
768
Year Built
1961
Days on Market
0
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2610062
This property is in Solana Beach (92075). View neighborhood stats →
About This Property
Opportunities like this, rich with potential are rarely available west of I-5 in Solana Beach. Situated at 858 Vera St., this property is a true coastal standout, offering a premier opportunity to reimagine the existing structure or start entirely fresh with a brand new vision. It's the kind of project builders, investors and developers look for when they want to create something special in a high-demand coastal neighborhood. The location is everything. This neighborhood is known for is rich character and deep rooted history, offering a lifestyle centered on convenience, connection and easy access to everything. You're just moments from Fletcher Cove Beach, Cedros Design District, Solana Beach Train Station, The Del Mar Race Track & Fairgrounds, and La Colonia Park. Everything that makes Solana Beach iconic. With convenient access to the I-5 freeway, the best of San Diego is alway within easy reach. Bring your vision to this hidden gem. This isn't just a piece of real estate; it's a chance to build your coastal dream in one of the most vibrant and sought-after pockets of San Diego. This property is being sold by the successor trustee. This sale is subject to the property being actively listed on the Multiple Listing Service for at least fourteen (14) consecutive days and to either the approval of all beneficiaries of the Trust or confirmation by the San Diego County Superior Court. The home is being sold in current condition and seller will make no repairs.
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Est. Monthly Payment
$11,298
Location
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Zoned Schools
Elementary
Solana Vista Elementary · grades K-3 · Solana Beach Elementary
Middle
Earl Warren Middle · grades 7-8 · San Dieguito Union High
High
Torrey Pines High · grades 9-12 · San Dieguito Union High
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Investment Score
11 leases of 1–3 bed houses within 1 mi · $3,735–$5,427
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$9,312/mo short at 20% down; +$12,094/mo rent closes it.
- Break-even price
- $437,459
- Break-even rent
- $16,458/mo
- Cashflow at 35% down
- −$7,593/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
73% under asking
$12,094/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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